CCI stock icon

Crown Castle
CCI

$98.12
0.9%
 

About: Crown Castle International owns and leases roughly 40,000 cell towers in the United States. It also owns more than 85,000 route miles of fiber. It leases space on its towers to wireless service providers, which install equipment on the towers to support their wireless networks. The company's fiber is primarily leased by wireless service providers to set up small-cell network infrastructure and by enterprises for their internal connection needs. Crown Castle's towers and fiber are predominantly located in the largest U.S. cities. The company has a very concentrated customer base, with about 75% of its revenue coming from the big three U.S. mobile carriers. Crown Castle operates as a real estate investment trust.

Employees: 5,000

0
Funds holding %
of 6,656 funds
0
Analysts bullish %
of 12 analysts
0
News positive %
of 33 articles

Fund manager confidence

Based on 2023 Q4 SEC filings by fund managers ($100M+ AUM)

110% more funds holding in top 10

Funds holding in top 10: 10 [Q3] → 21 (+11) [Q4]

56% more first-time investments, than exits

New positions opened: 222 | Existing positions closed: 142

27% more capital invested

Capital invested by funds: $35.7B [Q3] → $45.5B (+$9.73B) [Q4]

7% more funds holding

Funds holding: 1,125 [Q3] → 1,205 (+80) [Q4]

1.47% more ownership

Funds ownership: 89.53% [Q3] → 91.0% (+1.47%) [Q4]

4% more call options, than puts

Call options by funds: $287M | Put options by funds: $277M

31% less repeat investments, than reductions

Existing positions increased: 358 | Existing positions reduced: 521

Research analyst outlook

12 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target
$100
2%
upside
Avg. target
$110
12%
upside
High target
$123
25%
upside

12 analyst ratings

positive
8%
11 neutral
92%
negative
0%
RBC Capital
Jonathan Atkin
2%upside
$100
Sector Perform
Maintained
7 May 2024
Barclays
Tim Long
14%upside
$112
Equal-Weight
Maintained
23 Apr 2024
Deutsche Bank
Matthew Niknam
11%upside
$109
Hold
Maintained
22 Apr 2024
Wells Fargo
Eric Luebchow
2%upside
$100
Equal-Weight
Maintained
19 Apr 2024
B of A Securities
David Barden
7%upside
$105
Neutral
Maintained
19 Apr 2024

Financial journalist opinion

Based on 33 articles about CCI published over the past 30 days